anyone want to have a crack at net cash end of Sept before quarterly
By my calcs there was enough in the kitty end of July (post Maari lifting pmnt) to pay for all dividends./distb and all of outstanding W12 8E. Therefore a good chunk of last quarters production will hit the cash account - I am too tired to have a crack now and will try and do it tomorrow assuming Quarterly isn't released by then, but I imagine the figure would be about 22m USD cash as of the end of Sept, rising in October to nearly 30m USD after Maari lifting. Very rough numbers
In essence there should already be enough cash end of October to fund another 2c-2.5c aud per share distb and this is before the 3 months of prod leading upto Feb mid year results. So, i will call it early and say either a buy back will commence before HY results or another distb of 2c in Feb, allowing for 20m USD to stay in cash
HZN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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